Archives

AssetMark Buying $12 Billion In Assets From Morningstar Wealth

By Amit Chowdhry ● Jul 2, 2024

Wealth management platform AssetMark (a wholly owned subsidiary of AssetMark Financial Holdings and a Registered Investment Adviser) announced a strategic alliance with Morningstar Wealth (a division of independent investing insights firm Morningstar).

Baldwin Brothers Buys Assets Of KLR Investment Advisors

By Amit Chowdhry ● Jul 2, 2024

Baldwin Brothers, a fifty-year legacy wealth and investment management firm based in southeastern Massachusetts with just under $2.3 billion of assets under management, announced the acquisition of the assets of KLR Investment Advisors, an elite wealth management firm based out of Providence, Rhode Island.

IGM Technology: Strategic Growth Investment Raised From Lead Edge Capital

By Amit Chowdhry ● Jul 2, 2024

IGM Technology, a provider of financial software to state and local governments, announced a strategic growth investment from Lead Edge Capital. IGM has experienced significant revenue growth since the adoption of its leading disclosure management, budgeting, and reporting software solutions.

Summit Partners: Morgan Buehler Zanotti Joins As Executive-In-Residence

By Amit Chowdhry ● Jul 1, 2024

Summit Partners announced it has welcomed Morgan Buehler Zanotti to the firm’s Executive-in-Residence (EIR) program. In this role, Zanotti will work closely with Summit’s Growth Products & Services team to identify new investment opportunities and advise growth-stage companies in the functional foods and health/wellness sectors.

Boeing Buying Fuselage Company Spirit AeroSystems In $8.3 Billion Deal

By Amit Chowdhry ● Jul 1, 2024

Today Boeing announced it has entered into a definitive agreement to acquire Spirit AeroSystems. This merger is an all-stock deal valued at an equity value of approximately $4.7 billion (or $37.25 per share). The total deal value is approximately $8.3 billion, including Spirit's last reported net debt.Today Boeing announced it has entered into a definitive agreement to acquire Spirit AeroSystems. This merger is an all-stock deal valued at an equity value of approximately $4.7 billion (or $37.25 per share). The total deal value is approximately $8.3 billion, including Spirit's last reported net debt.

Diamond Landscaping Raises Strategic Investment From Kian Capital

By Amit Chowdhry ● Jul 1, 2024

Lower-middle-market-focused private investment firm Kian Capital Partners announced its partnership with Diamond Landscaping. Kian partnered with Founder and CEO Brian Diamond in December 2021 and has since completed a multitude of strategic growth initiatives to enhance service capabilities, expand the leadership team, and continually invest in the Diamond Landscaping platform.

Martis Capital: Beth Dresdale Named As Principal And New Miami Office Opened

By Amit Chowdhry ● Jul 1, 2024

Martis Capital has opened an office in Miami and the firm hired two senior team members. Beth Dresdale joined the firm as a principal on the value creation team and it is now based in the Miami office. Before Martis Capital, Dresdale was a principal focused on value creation at Incline Equity Partners.

India-Based Venture Highway Merging With General Catalyst

By Amit Chowdhry ● Jul 1, 2024

India-based venture capital firm Venture Highway (VH) announced it is merging with General Catalyst (GC).

Torq: The Story Behind This Security Infrastructure Automation Company

By Amit Chowdhry ● Jul 1, 2024

Torq is a company that developed Hyperautomation, which unifies and automates the entire security infrastructure to deliver unparalleled protection and productivity. Pulse 2.0 interviewed Torq CTO and co-founder Leonid Belkind to learn more about the company.

Zing Coach: AI-Based Fitness App Company Raises $10 Million In Series A

By Amit Chowdhry ● Jul 1, 2024

Zing Coach, a health tech company reducing growing rates of physical inactivity with its AI-powered fitness app, announced that it has raised a Series A funding round in equity and debt financing totaling $10 million led by Zubr Capital and Triple Point Capital.

Authentica Solutions: Education-Focused Data Integration Company Raises $6.2 Million

By Amit Chowdhry ● Jul 1, 2024

Authentica Solutions, a leader in data integration and intelligence management solutions for the education sector, announced the successful completion of a $6.2 million Series Seed funding round led by Owl Ventures.

Feon Energy: Battery Electrolyte Stanford Spin Out Raises $6.1 Million In Seed Funding

By Amit Chowdhry ● Jul 1, 2024

Feon Energy, an advanced battery electrolyte startup that spun out of Stanford University, announced the recent closing of a $6.1 million seed round enabling the development of next-gen batteries. The funding round was led by Fine Structure Ventures, with participation from Eight Roads, Foothill Ventures, MassVentures, EPS Ventures, and Valkyrie Fund.

Li Industries: Lithium-Ion Battery Recycling Company Secures $42 Million In Series B

By Amit Chowdhry ● Jul 1, 2024

Li Industries announced it closed a Series B funding round with an additional $6 million commitment from investors. The company's new investors include General Motors (GM) Ventures, DNX Ventures, and Tech Energy Ventures.

Pear Commerce: Retail Enablement Company Raises $10 Million In Series A

By Amit Chowdhry ● Jul 1, 2024

Pear Commerce, a retail e-commerce enablement platform for omnichannel brands, announced that it had closed a $10 million Series A funding round. The funding round was led by Stage 2 Capital. Additional participation in the round includes Heartland Ventures, Homegrown Ventures, Dundee Venture Capital, M25, and Daren Cotter.

illumex: $13 Million Closed To Automate Creation Of A Semantic Layer That Unifies Data Silos

By Amit Chowdhry ● Jul 1, 2024

illumex, a Generative Semantic Fabric platform for structured enterprise data, announced that it has raised $13 million in seed funding. The round was led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures, with participation from ICI Fund, Jibe Ventures, Iron Nation Fund, Ginossar Ventures, ICON Fund, Today Ventures, and several angel investors.

RareCyte: $20 Million Raised To Expand Orion Spatial Biology Platform

By Amit Chowdhry ● Jul 1, 2024

RareCyte, a life sciences company offering advanced Precision Biology platforms, including instruments, reagents, software, and services, announced the completion of $20 million in funding from new and existing investors. New investor Forest Road has joined existing investors Arboretum Ventures and F-Prime Capital (which co-led the round) and investors HealthQuest Capital, 5AM Ventures, Agilent Technologies, Company founder Ron Seubert, Sheatree capital, and GKCC LLC.

Odaseva: Enterprise Data Security Platform Company Secures $54 Million In Series C

By Amit Chowdhry ● Jun 30, 2024

Odaseva, a leading enterprise data security platform for Salesforce, announced $54 million in Series C funding, bringing the total company funding to over $90 million. Silver Lake Waterman led the round with participation from existing investors F-Prime, Eight Roads and Serena Capital, and new investors Eurazeo and Crescent Cove.

KLAR Partners: Fund II Closed At €870 Million

By Amit Chowdhry ● Jun 30, 2024

KLAR Partners announced the final closing of KLAR Partners II, which has secured total capital commitments of €870 million. This 40% increase in fund size over KLAR's prior fund highlights the strong confidence and support received from both existing and new investors.

Zoi Capital: $200 Million Fund To Invest In AI Solutions For Healthcare

By Amit Chowdhry ● Jun 30, 2024

Zoi Capital, a VC firm specializing in artificial intelligence (AI) solutions for healthcare was founded by Mayo Clinic-trained cardiologist Dr. Ronald M. Razmi and Brian K. Beeler (former Executive VP and General Counsel of Horizon Therapeutics), announced they have closed a fundraising goal of $200 million for their Health AI Fund I.

Freeflow Ventures Closes $90 Million To Invest In Early-Stage Science-Driven Companies

By Amit Chowdhry ● Jun 30, 2024

Freeflow Ventures, an early-stage venture capital (VC) firm that invests in science-driven solutions to human and planetary health challenges announced that it raised $50 million in new funds through its $35 million Fund Two and $15 million Opportunity Fund. Including a $25 million Fund One and $15 million in special purpose vehicles (SPVs), Freeflow now has $90 million in assets under management (AUM).

Sila: Battery Materials Company Secures $375 Million In Series G

By Amit Chowdhry ● Jun 30, 2024

Sila, a next-generation battery materials company, announced it has raised $375 million in a close of its Series G round led by existing investors Sutter Hill Ventures and funds and accounts advised by T. Rowe Price Associates with participation by new investors as well as existing investors Bessemer Venture Partners, Coatue, Perry Creek Capital, and others.

MagicSchool AI: K-12 Educator And Student Platform Company Raises $15 Million In Series A

By Amit Chowdhry ● Jun 30, 2024

MagicSchool AI, a technology platform for K-12 educators and students, announced a $15 million Series A round of financing led by Bain Capital Ventures. And additional investors include Adobe Ventures and Common Sense Media, and angel investors like Replit founder Amjad Masad, Clever co-founders Tyler Bosmeny and Rafael Garcia, and OutSchool co-founder Amir Nathoo. The funding will support the development of more use cases for AI in education.

PPM America: Thirteenth CLO Closed At $401 Million

By Amit Chowdhry ● Jun 30, 2024

PPM America announced the closing of PPM CLO 7 Ltd. (CLO 7). And CLO 7 has 16 unique investors, seven of which are new to PPM, and a deal size of $401 million. It is PPM’s seventh CLO closed since the firm re-entered the CLO market in 2018 and the thirteenth CLO closed in the firm’s history.

ProperXPM Deploying Up To $100 Million For Rolling Up Multifamily Property Management Companies

By Amit Chowdhry ● Jun 30, 2024

ProperXPM, a leader in tech-enabled experiential property management, announced a significant expansion backed by funding of up to $100 million. This strategic roll-up of multifamily property management companies aims to transform the property management landscape across the US.

Waypoint Bio: $14.5 Million Seed Round Closed To Advance Drug Discovery With Spatial Pooled Screening Technology

By Amit Chowdhry ● Jun 29, 2024

Waypoint Bio, a biotechnology company pioneering novel cell therapies for solid tumors using in vivo spatial pooled screening technology, announced $14.5 million in seed funding led by Hummingbird Ventures with participation from other institutional investors, including Recode Ventures and pre-seed lead Fifty Years.

KarmaCheck: Background Check Company Closes $45 Million In Series B

By Amit Chowdhry ● Jun 29, 2024

KarmaCheck, a technology-based solution for background checks, credentialing, and compliance, announced that it has raised $45 million in a Series B funding round led by Parameter Ventures, with participation from PruVen Capital, Velvet Sea Ventures, GC1 Ventures, and NextView Ventures.

Clearstory: Change Order Communication Construction Platform Company Raises $16 Million In Series B

By Amit Chowdhry ● Jun 29, 2024

Clearstory, a change order communication platform for the construction industry that connects companies to collaborate on out-of-contract work, announced it closed a $16 million Series B funding round, bringing the total capital raised to $35 million. This funding round was led by Prudence, with participation from Industry Ventures and existing investors, including Jackson Square Ventures, Building Ventures, GS Futures, and Cloud Apps Capital Partners.

Slide Insurance: $175 Million Senior Credit Facility Closed

By Amit Chowdhry ● Jun 29, 2024

Slide Insurance announced that it has secured a $175 million senior credit facility led by Regions Bank in its capacity as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner. Synovus Bank and Texas Capital Bank, through its TCBI Securities division, also supported the transaction as a joint lead arranger and joint bookrunner.

AuthZed: Permissions Systems As A Service Company Secures $12 Million In Series A

By Amit Chowdhry ● Jun 29, 2024

AuthZed, a company helping enterprises rapidly build user experiences with simple, fast, and secure permissions systems, announced it has closed $12 million in funding led by General Catalyst with continued participation from Work-Bench, Y Combinator, and Amplify Partners. This Series A funding round brings AuthZed’s total amount raised to $15.8 million.

Axelera AI Raises $68 Million In Series B To Advance Hardware Acceleration Technology

By Amit Chowdhry ● Jun 29, 2024

Axelera AI, a leading provider of purpose-built AI hardware acceleration technology for generative AI and computer vision inference, announced a successful closing of an oversubscribed $68 million Series B funding round, bringing the total amount raised to $120 million.